The price of onions – a staple of Indian cooking – has risen around 320 percent over the past 12 months, driven by a combination of factors including a supply shortage after excessive rains hit crop output as well as poor infrastructure for the storage and distribution of produce.
Honda Motor Co posted a 90% fall in quarterly operating profit as a severe parts shortage stemming from the March 11 earthquake slashed output, but avoided an expected loss and raised its annual profit guidance by more than a third.
Uranium prices are seen rising in the short term on a supply shortage and demand will remain strong from developed nations that have no alternative to nuclear power for significant portions of electricity output, John Borshoff, the Chief Executive of uranium miner Paladin Energy said on Sunday.